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Review of Current Losing Positions: NZT, ACAS, SKM, GE
[
View article
]
Charles, ACAS has some advantages over other companies like:
1. No intangible assets.
2. A very good Yield.
3. ACAS is selling below book value.
4. Recently (because of FAS 157 ) assets were written down. These assets will be held to maturity so, at maturity, these assets will be written up.
5. The total debt to equity ratio is, by law, always less than 1 to 1.
This means that ACAS is not overleveraged.
6. ACAS is well managed.
I have no idea what David Einhorn said in his book. If I could write laws, I would make hedge funds and short selling illegal.
Finally, Charles, you make statements about ACAS without any data. I find this unacceptable.
If you actually know something about ACAS that is detrimental then please share it with us.
Long ACAS
Jul 13 06:23 am
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jjason's
Comments Stats
406 comments
Rating:
4
(7
-
3
)
-
Charles, ACAS has some advantages over other companies like:
Jul 13 06:23 am
|Rating:
0
0
All Comments by jjason »Review of Current Losing Positions: NZT, ACAS, SKM, GE [View article]
1. No intangible assets.
2. A very good Yield.
3. ACAS is selling below book value.
4. Recently (because of FAS 157 ) assets were written down. These assets will be held to maturity so, at maturity, these assets will be written up.
5. The total debt to equity ratio is, by law, always less than 1 to 1.
This means that ACAS is not overleveraged.
6. ACAS is well managed.
I have no idea what David Einhorn said in his book. If I could write laws, I would make hedge funds and short selling illegal.
Finally, Charles, you make statements about ACAS without any data. I find this unacceptable.
If you actually know something about ACAS that is detrimental then please share it with us.
Long ACAS